PPG Industries: 3 Different Insiders Have Sold Shares During The Last 30 Days

In this article, I will feature one specialty chemicals company that has seen intensive insider selling during the last 30 days. Intensive insider selling can be defined by the following three criteria:

The stock was sold by three or more insiders within one month.

The stock was not purchased by any insiders in the month of intensive selling.

Dow Chemical, and DuPont have also seen intensive insider selling during the last 30 days.

Conclusion

There have been three different insiders selling PPG, and there have not been any insiders buying PPG during the last 30 days. All three of these insiders decreased their holdings by more than 10%. PPG has an insider ownership of 0.40%.

Before going short PPG, I would like to get a bearish confirmation from the Point and Figure chart. The two main reasons for the proposed short entry are relatively high P/S ratio, and the intensive insider-selling activity.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.